Analytical overview of the main currency pairs as of 08/04/2021

JustForex EUR / USD currency pair Technical indicators of currency pair: Prev Open: 1.1875 Prev Close: 1.1867% chg. last day: -0.10% Euro regressed against the US dollar towards the end of the day due to the narrowing of the interest spread in the credit market and the stabilization of the dollar. The gap between the German bonds and the US T-Note fell 20 basis points to halt the growth of the pair and form a bearish candlestick on the daily chart. Support levels of the trading advice: 1.1836, 1.1704 Resistance levels: 1.1915, the main scenario for 1.1990 EUR / USD is trading in a side range between 1.1915 and 1.1836. The ADX fell to the lowest levels while the MACD fell to zero. The trend indicator did not show a significant response to the recent growth wave in the H4 period. The price is still pegged above the moving averages, leaving little chance for more gains in the short term. Alternative scenario: If the price consolidates below the 1.1836 level, the pair could fall towards 1.1704. A breakthrough of 1.1915 indicates continued growth. 2021.04.08 newsletter: – First jobless claims in the United States at 15:30 (GMT + 3); – Jerome Powell's speech at 19:00 (GMT + 3). Currency pair GBP / USD Technical indicators for the currency pair: Previous Open: 1.3819 Previous Close: 1.3735% chg. last day: -0.61% British pound showed the most significant drop in G10 currencies on Wednesday. Traders continue to worry that the summer travel season may be interrupted this year as well, and issues with the AstraZeneca drug only add to the downside pressure. Trading suggestions Support levels: 1.3705, 1.3680 Resistance levels: 1.3848, 1.3929 The main scenario at GBP / USD is sell. The ADX gives an important response to the downside but also responds to the upside of the pair, indicating a temporary stop to the downside. But as long as the MACD is below zero and the price is below the move Read more

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